Martingale Asset Management L P buys $61.2 Million stake in Altria Group Inc (MO)

Altria Group Inc (MO) : Martingale Asset Management L P scooped up 69,423 additional shares in Altria Group Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 11, 2016. The investment management firm now holds a total of 948,335 shares of Altria Group Inc which is valued at $61.2 Million.Altria Group Inc makes up approximately 1.22% of Martingale Asset Management L P’s portfolio.

Other Hedge Funds, Including , Trexquant Investment Lp sold out all of its stake in MO during the most recent quarter. The investment firm sold 6,100 shares of MO which is valued $393,938. Barometer Capital Management added MO to its portfolio by purchasing 299,700 company shares during the most recent quarter which is valued at $19.4 Million. Altria Group Inc makes up approx 1.83% of Barometer Capital Management’s portfolio.Profund Advisors boosted its stake in MO in the latest quarter, The investment management firm added 2,707 additional shares and now holds a total of 66,887 shares of Altria Group Inc which is valued at $4.2 Million. Altria Group Inc makes up approx 0.22% of Profund Advisors’s portfolio. Winton Capital Group Ltd added MO to its portfolio by purchasing 54,198 company shares during the most recent quarter which is valued at $3.4 Million. Altria Group Inc makes up approx 0.04% of Winton Capital Group Ltd’s portfolio.Northern Oak Wealth Management Inc boosted its stake in MO in the latest quarter, The investment management firm added 679 additional shares and now holds a total of 101,243 shares of Altria Group Inc which is valued at $6.4 Million. Altria Group Inc makes up approx 1.45% of Northern Oak Wealth Management Inc’s portfolio.

Altria Group Inc opened for trading at $64.3 and hit $64.93 on the upside on Monday, eventually ending the session at $64.76, with a gain of 0.28% or 0.18 points. The heightened volatility saw the trading volume jump to 48,11,028 shares. Company has a market cap of $126,698 M.

On the company’s financial health, Altria Group Inc reported $0.72 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Apr 28, 2016. Analyst had a consensus of $0.68. The company had revenue of $3923.00 million for the quarter, compared to analysts expectations of $4423.15 million. The company’s revenue was up 5.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.63 EPS.

Many Wall Street Analysts have commented on Altria Group Inc. Altria Group Inc was Downgraded by BofA/Merrill to ” Neutral” on Mar 24, 2016.

Altria Group Inc. is a holding company. The Company’s reportable segments include smokeable products smokeless products and wine. As of December 31 2014 Altria Group Inc.’s wholly owned subsidiaries included Philip Morris USA Inc. (PM USA) which is engaged in the manufacture and sale of cigarettes in the United States; John Middleton Co. (Middleton) which is engaged in the manufacture and sale of machine-made large cigars and pipe tobacco and is a wholly owned subsidiary of PM USA and UST LLC (UST) which through its wholly owned subsidiaries including U.S. Smokeless Tobacco Company LLC (USSTC) and Ste. Michelle Wine Estates Ltd. (Ste. Michelle) is engaged in the manufacture and sale of smokeless products and wine.

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